Detailed/More Info:
M. J. T. Lode
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Info Database Last Updated 08.04.2024 (Entity News entries: 1)
Type/Category of Info:
Article
Info Source From:
The Morning Times. Volume: 7 [VII], Issue No. 231
Info Publication Date:
August 30, 1899
Info found on page:
1
Info Title:
M.J.T. & Grover Cleveland Claims Incorportated Into Company
ANOTHER DEAL CLOSED
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graphic for visual presentation of textGold Hill Properties Secured.
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graphic for visual presentation of textEIGHTEEN ACRES PATENTED
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graphic for visual presentation of textTHERE ARE IN ADDITION TO THE MINERAL
graphic for visual presentation of textPOSSIBILITIES A NUMBER OF TOWN LOTS
graphic for visual presentation of textCOVERING THE CLAIMS.
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graphic for visual presentation of text Another successful flotation has been accomplished through the agency of R. P. Davie and company. Mr. Davie has just secured the M.J.T. and Grover Cleveland mining claims, located on Gold hill within the corporate limits of Cripple Creek, and has incorporated them into a mining company controlled by well-known local mining men.
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graphic for visual presentation of text The property has a valuation of $50,000, according to the price at which the stock is selling to-day.
graphic for visual presentation of text There are in addition to the possibilities of mineral, which, by the way, are large, a number of town lots covering the two claims which are valued at $25,000.
graphic for visual presentation of text These lots cannot but be a fertile source of revenue in the future, as is the case with the Mt. Rosa company of Victor.
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graphic for visual presentation of text The company has a capitalization of 1,250,000 shares, of which amount 200,000 have been set aside in the treasury as a reserve.
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graphic for visual presentation of text The company is well officered by men of standing in the mining world.
graphic for visual presentation of textMr. E. D. Marr, president
graphic for visual presentation of textF. E. Brooks, vice-president
graphic for visual presentation of textA. J. Bendle, secretary
graphic for visual presentation of textR. P. Davie, treasurer
graphic for visual presentation of text These gentlemen, together with C. M. MacNeill of the Colorado-Philadelphia Reduction works, form the directorate for the first year.
graphic for visual presentation of text A vigorous policy of development has been inaugurated.
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graphic for visual presentation of text The property owned by the company comprises the M.J.T. and Grover Cleveland claims, located on west Gold hill, 18 acres patented. They lie immediately north of the territory of the National and Oriole Gold Mining companies, and adjoin the Key West ground on the south side.
graphic for visual presentation of text Attention was first called to this section about six months ago by activity upon the property of the National company where on the Red Bird a vein was opened up which has since proved to be a steady shipper, this property coming to the front as the maiden producer of that section of Gold hill.
graphic for visual presentation of text There were many who scoffed; but as development work has progressed in that section it has demonstrated that there is gold there, as is fully attested by weekly shipments of the National company.
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Above Info was Last Updated on 10.10.2021 (18:51:24)
Above Info was First Seen 16.12.2020